Stocks Set 'Exactly Nowhere'
According to Official Indices
B7 ELMER C. WALZER
UPI Financial Editor
New York - (LTD - The stock
market struggled along this
past week on a daily average
4 J ' ' '4 sales vol u m e
of around
wy v, i
half million
vt snares ana goi
exactlyno-
I ' I where. Meas-
"til ured fey the
y f T : l
I of 500 stocks
ELner Walzer the net change
amounted to a loss of two
cents a share. The Dow-Jones
averages showed an equally
small fluctuation.
Industrials in the Dow
Jones calculation closed the
week at 556.75 off 0.71; rails
154.07,up 0.06; and utilities
86.47 up 1.22. The general
average lost 0.08 to close the
week at 193.97.
Demand for the utilities
which carried that 'group up
in seven straight sessions re
fleeted higher dividends and
earnings for the group, and
to some extent a veering away
from inflation as a market in
centive. Utilities are avoided
in inflation because their rates
are fixed by commissions
which often are slow to re
spond to increased costs.
For the industrials, the mar
ket was up Monday, Wednes
day and Thursday and down
Tuesday and Friday. Rails
rose Monday and Friday and
lost the. other three days
Utilities Near Record
At the close of the week,
' the utilities were within less
than a point of their high for
28 years. The rails were with
in about 4 points of their high
for more than a year, and the
industrials were about 11
points below their record high
set on Nov. 17.
Daily sales averaged 3,513,-
092 shares.1 That was 'the
smallest ""since election day
week and compared with a
daily average the week before
of 4335,274 shares.
Brokers said;,the behavior
of the market was. favorable.
They held -that - the reduced
'volume and the narrow flue
tuitions were preparing the
list ;ior another attempt at
penetrating the market highs.
This-was "a-week of little
market incentive for either ,
a rise or a decline. Business
X : -i ...
news was recovering from the
small setback in the previous
week which was cut short by
the Thanksgiving Day holi
day. Automobile production set
a new high for more than a
year but the financial district
apparently was unwilling to
jump to conclusions on the
receptions of the new models
because the leading motors
were barely able to hold their
own.
What the market lacked in
price movement in the lead
ing issues was more than
made up in wide price swings
in the issues which are outr
side the group used to calcu
late the averages.
Some of the stocks made
wide gains. A few made wide
declines. The market was es
pecially interested in the drug
shares which made substan
tial gains. There were big
gains also in some of the tele
vision and electronic issues,
inspired by talk of moon shots
and new missile speedups.
Industrial Gains
Individual issues her and
there responded vigorously to
moderate increases in de
mands. There were firm spots
here and there in the major
groups too, including some of
the chemicals, tobaccos, oils,
and building shares.
Leadership in most sessions
centered on the low priced
stocks and the issues which
Bloodmobile Visit
Due At Shady Cove
The Red Cross Bloodmobile
will collect blood at Shady
Cove and Medford, Dec. 16
and 17, respectively, the Red
Cross office here has an
nounced. -
The Bloodmobile will be at
the Veterans of Foreign Wars
hall in Shady Cove between
2 and 7 pjn. Dec. 16. Quota
for the visit is 100 pints, of
ficials, said.
The . unit will be at the
Jackson county Red Cross
chapter house, 60 Hawthorne
ave, Medford, between 1 and
5 p.m. Wednesday, Dec. 17.
Quota for the visit will be 290
pints. Appointments for the
Medford visit may be made
by telephoning the Red Cross
office, SPring 3-3813. , ,
HOLIDAY :
ABROAD9
WRCA
V ICTOR'S ,
MUSICAL
ra
TOUR Or
EUROPE
l-rnr-Hiliiilll
OliiiiiSBi
L
M it J 5
a fate---'
iff
Six beautiful new albums recorded abroad by the
world's great continental orchestras. Musical trips
to Paris., London, Rome, Lisbon, Dublin, Vienna.
iailLjMEDfDfiP,0PtGOWr
are less recognized for top
rank.
Metals were hard hit be
cause of another week of soft
ening copper prices both here
and abroad. Tires did well,
notably Goodyear which clos
ed the week with a gain of
2Ya points. Tire reports show
ed a sharp rise in replace
ment demand and brought out
predictions of an anticipated
gain for the whole industry
next year.
Market men believed that
the week may have brought
in a small amount of tax sell
ing. They believed that most
of this type of liquidation is
out of the way and hence no
longer a drag on the market.
Given an incentive, the
market could well set out on
a year-end rally, the experts
felt.
Top Commanders
In Secret Parley
Honolulu - (LTD - Top mili
tary commanders of the west
ern states, Alaska, Hawaii and
Canada will hold a secret con
ference at Pearl Harbor this
week, it has been announced.
A Pacific fleet spokesman
said the military leaders
would convene for a three-day
conference on Tuesday. The
purpose of the meeting was
not disclosed, but the makeup
of the personnel attending in
dicated defense problems fac
ing America and Canada
along the West Coast of both
countries would be discussed.
- A week of staff level meet
ings has preceded the confer
ence, which will be held at
the headquarters of A dm. Her
bert Hopwood, commander-in-chief
of the U.S. Pacific fleet.
Hopwood is acting as host at
the request of Pacific commander-in-chief,
Adm. Harry
D. Felt,
Quotes From the News
By UNITED PRESS INTERNATIONAL '
Washington-Dr. William H. Pickering, director of the
Army's jet propulsion laboratory, Pasadena, Calif., on Pio
neer Ill's-attempted lunar probe: ,
"While the results of the launching of Pioneer III were
disappointing to the engineering specialists in that the probe
did not reach the moon, the scientific benefits to be obtained
more than compensates for this disappointment."
Berlin-Willy Brandt, anti-Communist mayor of West Ber
lin,, on his reelection:
"We stand by our preelection promise that we would not
misuses our power. The city needs the cooperation of all
peace-loving forces who will work to build up the city."
Washington-The Democratic Advisory council, in calling
for enactment of federal legislation designed to open schools
closed in the South by conflicts over racial desegregation:
. "There is an obligation to meet the challenge of closed
schools and potentially uneducated children as a result of the
defiance of the law of the land by a few state and local offi
cials." '
Washington-Defense Mobilizer Leo A. Hoegh, in ceremo
riies commemorating the 17th anniversary of Pearl Harbor
day: .
. "The greatest tribute we fan pay those who have fallen in
the defense of our country and in particular to those who fell
on this day in 1941 is the solemn pledge thai never again will
we be caught unprepared by a surprise attack."
Clothing Drive
Set for School
Save the Children Bundle
Days clothing collection has
been endorsed by the Crater
high school - Parent-Teacher
association and will be held
through Dec. 10, according to
PTA president Roy Henry.
The bundle day program is
the 17th annual clothing col
lection in schools throughout
the nation, it was explained.
It is one of the many pro
grams conducted under the
auspices of Save the Children
Federation, a non-profit, non
sectarian organization dedica
ted to the service of children
in under-privileged areas at
home and overseas.
Part of the donated cloth
ing is stockpiled for. emergen
cies such as floods and earth
quakes in this country and
abroad, a spokeman explain
ed. "Good, used clothing ' your
family no longer wears is des
perately needed, Henry said.
"You can help by bringing
MAIL TRIBUNE, Medford", Prefer), Monday, December S, 195 7
summer and winter clothing
and shoes for children, babies
and adults to Crater high
school during the bundle day
program, he said. Clothing
may be given also to students
to bring to the school, he added.
HAT COSTS LIFE
Viareggio, "Italy (DPD A';
plumed hat cost the life of ;
hunter Remo Gambini Sun-Cl
day. Another hunter, Rinalda
Bertolazzi, mistook the hat for1 J
a pheasant and shot Gambinf;
through the head.
DfiJ
Secretarial
jnd
Accounting
Courses
BEGINNING JANUARY 5 o
Robertson School of Business
40-42 No. Riverside, Medford Ph. SP 3-4264
BIG FREE PARKING
LOTS ROOM FOR
NEARLY 100 CARS!
(EMXTIEm
Effing
Open 7 Days a (
Week Until Vp.m.
Sixth & Grape Streets
Groceteria
FRUIT CAKE
Rich with highest
quality candied
fruits and nuts
19
lb.
Wilshire
Candied Fruits
In Gift Packages
98 -P- 239 - 498
Maple Sugar
CANDIES
Priced
From
From Vermont
17c
It's the season "to be jolly" ... a time of good
cheer, good fellowship, and good food. Now,
more than ever before, a gift of food is the
98
gift to give
taste.
a holiday expression of good
Groceteria (ED H CEKYDFDCAYES
for any amount available at our office
Riley's
English Toffee
Imported from England
Mb.
Metal
Box
Famous Chocolates
All Creams ....Mb. $1.75
2 lbs. ,.. . $3.50
Delux Pack 1 lb. $1.75
2 lbs. .$3.50
Fancy Pack ....L.l lb. $2.25
1 lbs $3.30
Buddy Boy
Yellow
POPCORN
2-lb. bag-29c
2 for 4S
I
Blarney Irish
Fruit Cake
Imported From Ireland
SD29
lJ-lb.
Can
Two
Sizes
MACADAMIA
NUTS From Hawaii
Cefl 1Q f
and II
69
Your Groceteria is the place to
go for the brands you know!
CRISCO SHORTENING
3 -lb.
Can
Rath Frozen
BEEF CHOP-ETTES
8-oz. E Fhc
Pkg.
Rosarita Frozen
ENCHILADAS
c
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3)3)
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2 39c M bottles 7.00 Save 37e
Reg. 85c
6-oz. Jar
pound can 79c Save 6c
5r5rC Save 32e
Reg. 1.31
jb Snowdrift
dnorrening
Save 14c :
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Christmas Gift Wrapping Paper Ribbons
Tags Seals, also Mailing Paper String and
Labels Available at Your Groceteria.
Calgon Water
SOFTENER
3gc 1-lb.
5) Pkg.
Blue Mountain HORSEMEAT
for Doqs No. 1
and Cats Can
BUY IN
QUANTITIES!
ZEE Dove Soap A
Paper Towels Bath six. Waxed Paper
Re""' 33 :2 cutter box
ZEE CHIFFON FLAVOR PACK
Sandwich Bags Toilet Tissue Strawberries
10 2,29 c" 39
KRETCHMER
Wheat Germ
12-OZ. Amj
KUBLA KHAN
FROZEN CHICKEN
Chop Suey
49.
Beads O'Bleach
18-ox. Pkg.
43
" STEINFELDT'S "
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il-oz 1)
can
If you're not shopping
at the Groceteria you
are paying too much
KOTEX
Snitary Napkins
89
Pkg. of
12 ,
pkgs.
SCOTKINS LUNCHEON
Napkins .
WALTER KENDALL
Kibled Fives
Mb. 10-oz.
Pkg.
35
m '
Qt. Bottle
CLOROX BLEACH
Gal. Jug
y